#AIEye
#Podcast 602: #Stocks discussed: (NYSE: $AI) (NYSE: $AGCO) #artificialintelligence
C3
AI Awarded Contract from Missile Defense Agency and AGCO Acquires Faromatics
Global
#AI in Computer Vision Market
Point Roberts WA, Vancouver BC – September 13,
2021 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
AI Eye- watching stock news, deal tracker and advancements in
artificial intelligence
Listen
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:AI) (NYSE:AGCO)
C3.ai, Inc. (NYSE:AI) has been awarded a Production Other Transaction (OT)
Agreement from the Missile Defense Agency (MDA) to aid in enterprise AI
development initiatives. The use of C3.ai’s Generative Modeling Application
allows the MDA to “create, in minutes, tens of thousands of
physically-realistic AI-generated trajectories as evaluated across multiple
physics-based constraints as well as the ability to rapidly generate large
missile trajectory datasets, when given only a small set of training data and
physics rules, and provides MDA up to a 100-fold increase in model generation
capacity and speed.” Ed Abbo, President and CTO, C3 AI, said:
"C3
AI is on the cutting edge of enterprise AI and we are excited to partner with
the Missile Defense Agency. By using the C3 AI Suite and the C3 AI Generative
Modeling application, Missile Defense Agency personnel can rapidly generate
large datasets in data-starved environments for a broad spectrum of missile
defense technology initiatives."
Global manufacturer and distributor of agricultural
machinery and precision ag technology AGCO Corporation (NYSE:AGCO) has announced the acquisition of precision livestock farming
company Farm Robotics and Automation S.L. (Faromatics). According to the press
release, Faromatics is the creator of ChickenBoy, a “ceiling-suspended robot
that monitors broiler chickens and helps farmers increase animal welfare and
farm productivity,” and which “uses artificial intelligence (AI) to identify
risks to health, welfare and farm equipment.” Eric Hansotia, AGCO’s Chairman,
President and CEO, said:
"This
Faromatics acquisition supports our vision of being farmers’ most trusted partner
for industry-leading, smart farming solutions across every area of our
business. We’re excited to create smart technology solutions for livestock
producers, strengthen our existing capabilities, and accelerate innovation that
helps our customers increase profitability while improving animal
welfare."
Global
AI in Computer Vision Market
A report published by Allied Market Research finds that the global
AI in Computer Vision market is projected to grow from $9.18 billion in 2020 to
$207.09 billion by 2030, registering a compound annual growth rate (CAGR) of
39.6 percent in the forecast period 2021-2030. An excerpt from the report
overview outlines factors influencing the market’s growth:
Factors,
such as rising demand for computer vision systems in automotive applications,
increasing demand for emotion AI, and high demand for quality inspection and
automation, drive the AI in computer vision market growth. Automobile
manufacturers are increasingly reliant on computer vision and industrial
robotics technologies to accomplish several levels of automation throughout the
production process. Increasing participation of various automotive and IT
giants to develop autonomous cars is driving the growth of the AI in computer
vision market. However, rising safety and security related concern is a major
restraint to the global market growth.
Sam Mowers, Investorideas.com
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